The Federal Housing Administration extended the use of exterior-only appraisals through June 30, 2021. Details were published Mortgagee Letter (ML) 2021-06. The same mortgagee letter also continues the … more FHA Extends Exterior-Only Appraisals Through June
HUD
NRMLA Comments On LIBOR Transition and H4P Improvements
On behalf of its members, NRMLA submitted comments to the Department of Housing and Urban Development requesting that lenders and servicers be given 180 days to prepare for … more NRMLA Comments On LIBOR Transition and H4P Improvements
FHA Extends COVID-19 Relief Through End of June
HECM borrowers who have been impacted by COVID-19 and are facing foreclosure have been granted an extension through June 30, 2021 to request a six-month delay in having … more FHA Extends COVID-19 Relief Through End of June
Senate Banking Committee Advances Fudge Nomination
The Senate Banking Committee voted 17 to 7 to confirm Rep. Marcia Fudge as the next Secretary of Housing and Urban Development. The nomination now goes to the … more Senate Banking Committee Advances Fudge Nomination
FHA Extends Protections For Borrowers Impacted By COVID-19
HECM borrowers who have been impacted by COVID-19 and are facing foreclosure have been granted an extension through March 31, 2021 to request a six-month delay in having … more FHA Extends Protections For Borrowers Impacted By COVID-19
FHA Extends Foreclosure and Eviction Moratorium Policy
Today, the Federal Housing Administration extended its moratorium on foreclosures and evictions for FHA single-family mortgages through March 31, 2021. Details were published in Mortgagee Letter 2021-03 and apply to all … more FHA Extends Foreclosure and Eviction Moratorium Policy
FHA Connection Updated to Collect Expanded HMDA Data
The Federal Housing Administration published FHA Info #2021-02 to announce that FHA Connection will be updated to capture expanded borrower demographic information that aligns with Home Mortgage Disclosure … more FHA Connection Updated to Collect Expanded HMDA Data
HUD Revises Loan Level Certification Form
The Federal Housing Administration announced the completion of its revised and streamlined loan-level certification form required from lenders when originating FHA-insured forward mortgages and reverse mortgages. Details were … more HUD Revises Loan Level Certification Form
FHA Extends Foreclosure Moratorium and Exterior-Only Appraisals
Today, the Federal Housing Administration published multiple mortgagee letters that extend a foreclosure and eviction moratorium and other COVID-19 protections for forward mortgage borrowers and reverse mortgage borrowers … more FHA Extends Foreclosure Moratorium and Exterior-Only Appraisals
Forward Mortgage Does Not Subsidize Reverse Mortgage
This blog began in 2009 with an entry entitled “The Trouble with HECM.” What was the Trouble we predicted? Is FHA’s Home Equity Conversion Mortgage (“HECM”) reverse mortgage … more Forward Mortgage Does Not Subsidize Reverse Mortgage